China’s debt interest costs are soaring above U.S. levels and growing faster than any other budget category as Beijing struggles to prop up growth Michigan Senate debate spotlights increase in anti-Muslim rhetoric as midterms race heats up OpenAI publishes solutions to more than 370 outstanding math challenges. The results divide mathematicians but most agree: math will never be the same It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’ MAGAnomics is starting to look uncomfortably like Bidenomics Trump reiterates pledge to send $5,000 checks, and hands out smaller payments, as midterm elections loom Respect and laughs as Fury and Joshua face off After months of ‘hell,’ an OpenAI safety researcher suggests way to prevent more rogue AI incidents New Lancashire CEO Kenyon to lead review of club Anthropic CEO Amodei set to meet with Trump after missing state dinner

Ernest Garcia II

Ernest Garcia II

Ernest Garcia II (#121)

Global Rank #121
Country Rank #52
Country United States

Ernest Garcia II is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 22 B
  • Used cars
  • United States
  • M
  • 69 Years

Snapshot

Quick Facts

Global Rank #121
Country Rank #52
Net Worth $22.3B
Previous Worth $22.3B
Worth Change +$0.0B
Country United States
Industry Used cars
Age 69 Years
Gender M
Worth As Of May 3, 2026
Last Refreshed 04 Sep 2026, 12:00 AM
Residence Tempe, Arizona
World Billionaires List United States Billionaires Used cars

Profile Data

Personal Stats

Age 69
Source Of Wealth Used cars, Self Made
Self Made Score 9
Philanthropy Score 1
Residence Tempe, Arizona
Citizenship United States
Marital Status Married
Education Drop Out, University of Arizona
Net Worth Change +$0.0B +0.0% from previous worth
Previous Net Worth $22.3B
Current Net Worth $22.3B

Worth as of May 3, 2026

About Me

Ernest Garcia, II is the biggest shareholder of Carvana, an online platform for selling used cars and making auto loans that conducted an IPO in 2017. Garcia II also owns and runs DriveTime Automotive, the nation's fourth-biggest used car retailer. Garcia's son, Ernest Garcia III, founded Carvana as a subsidiary of DriveTime and later spun it out. In 1990 when he was 33, Garcia pleaded guilty to a bank fraud charge related to his dealings with Lincoln Savings & Loan.

Insights

Did You Know?

The son of a liquor store owner who was for a while also the mayor of Gallup, New Mexico, Garcia II was on the golf team at the University of Arizona.

Garcia II dropped out of school before graduating to become a stockbroker and eventually turned to real estate development in Phoenix.

Wealth Growth

Net Worth Growth Over Time

Tracking Ernest Garcia II's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $22.3B (May 3, 2026)

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